Refer to the figure below. When the market is unregulated, producer surplus is represented by the area:

Which of the following can be a barrier to an LDC's economic growth and development?

a. Low population growth. b. A low level of human capital. c. Faster capital accumulation. d. More infrastructure.

A subsidy is sometimes used by the government to correct the problems associated with

A) negative externalities. B) positive externalities. C) public goods. D) monopolies.